Legislation designed to satisfy the IMF before it gives Ukraine emergency funding moves forward. It has passed its first reading, but two more are needed for it to pass, 248 deputies voted for it. National Bank of Ukraine head claims that the country risks default if the country does not receive IMF assistance; however Yulia Tymoshenko has used the crisis to prevent a vote on legislation to finance the new Rada election. A vote on the legislation failed by 4 votes a day after BYuT blocked action on the measure.
Tymoshenko's bloc, joined by the Communists, said an election would compound the effects of the crisis on Ukraine.
Oleg Lyashko, of the premier's bloc, said election financing would lead to "a lock being slapped on parliament tomorrow and a new election decree. Who will then deal with the crisis?"
Communist Adam Martynyuk said opponents of the election had tried for a week "to save the situation. And you want to throw half a billion hryvnias out the window".
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